money deposited in LIC: LIC has a big name in the market. From village to city people know what LIC is.
LIC
has a big name in the market. From village to city people know what LIC is. Many people have bought insurance from this company. Many people have invested in LIC company through shares and they are earning good profit. Thousands of people buy insurance. In such a case, it is natural to ask where the company keeps the money received from the public.
People insured with LIC get huge amount after maturity. One may wonder how the company offers such huge returns. The more money you deposit, the more likely you are to get it after maturity. Let us try to know where LIC keeps the money collected from people.
Where does LIC keep its money?
According to a report released last year, LIC invests a large amount of its money in bonds. About 67 percent of the money is invested in bonds. Around Rs 4.7 lakh crore has been invested in equity shares. Apart from this, nearly Rs 1 lakh crore has been invested in various properties.
LIC also invests in mutual funds, subsidiaries and other debt securities. LIC has also used its money to buy stakes in other companies. LIC also earns money through such various channels. Also, since all the customers do not have to return the money at the same time, the company returns the money to the customers after the maturity of the other place as per the requirement.
LIC is a big company
LIC’s full form is Life Insurance Corporation. This is a gigantic company. The company has a wide range. About 1 lakh employees work in the company. Moreover, 1.3 lakh people have been connected with the company as agents. LIC has about 55 percent of all insurance agents in India.
The company provides policies such as endorsement, term insurance, children, pension, micro insurance. As on December 31, 2023, the shareholding of Life Insurance Corporation of India in the insurance sector was 58.9 percent. A year ago it was 65.4 percent.
एलआयसी की इंडेक्स प्लस योजना के साथ अपने वित्तीय सफर को आसान बनाए – निवेश वृद्धि के साथ अपनों की सुरक्षा को सुनिश्चित करें।#FinancialPlanning #ULIP pic.twitter.com/1h0YMBZOA2
— LIC India Forever (@LICIndiaForever) April 18, 2024
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